Retail sales posted unexpected 0.3% decline in May as inflation hammers consumers
Advance retail and food service spending fell 0.3% for the month, below the Dow Jones estimate for a 0.1% gain.
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Microsoft retires Internet Explorer browser after 26 years
Security flaws, antitrust memories and slower speed dragged down Internet Explorer as Google Chrome came to rule. Now Microsoft is promoting its Edge browser.
Mortgage demand is now roughly half of what it was a year ago, as interest rates move even higher
Sharply rising interest rates are decimating refinance volume, and those rates, along with sky-high home prices, are hitting demand from buyers.
What led to the U.S. baby formula shortage − and how officials are trying to prevent it from happening again
In addition to a factory shutdown, America's strict formula import regulations and a nutritional program for low-income families may have contributed to the disaster.
Netflix, once the great disruptor, is now taking ideas from the industry it upended to jumpstart growth
Netflix upended the entertainment industry by disrupting old media practices. Now it's rethinking many of its core tenets
FDA committee recommends Moderna two-dose Covid vaccine for kids ages 6 to 17
The committee voted to recommend the shots for use in kindergarteners through high schoolers after a meeting that weighed how safe and effective the shots are.
10-year Treasury yield tops 3.48%, the highest in 11 years
The yield on the 10-year note jumped again on Tuesday after notching its biggest move since 2020 in the previous session.
30-year mortgage rate surges to 6.28%, up from 5.5% just a week ago
The average rate on the popular 30-year fixed mortgage hit 6.28% Tuesday, according to Mortgage News Daily.
Texas power demand breaks record as severe heat wave hits the state
Rising demand prompted by extreme weather has triggered concerns over the vulnerability of Texas's power grid system.
Spirit Airlines says it will decide on competing JetBlue, Frontier bids before the end of June
JetBlue recently sweetened its offer for Spirit to include a $350 million reverse break-up fee.
It's a pain to fly these days. The FAA and airlines are trying to fix that
U.S. flight delays increased this year due to staffing issues, bad weather and stronger-than-expected demand.
United Arab Emirates bans Pixar's new Buzz Lightyear movie from theaters
The United Arab Emirates ban comes despite an announcement last year that the country would no longer censor movies.
Capitol Police says Rep. Loudermilk's tour day before Trump riot wasn't suspicious
Republicans said a letter from Capitol Police vindicated Rep. Barry Loudermilk, who was questioned about a tour a day before the riot by Trump supporters.
Latest Shanghai quarantines add more pressure to global supply chain
The latest mass quarantine measures in Shanghai, including highway closures, severely affected trucks carrying exports bound for the city's port.
Fed likely to boost interest rates by three-quarters of a point this week
Markets are beginning to anticipate an even faster pace of rate hikes, and Fed officials apparently will satisfy growing expectations.
Starbucks union: Company threatens that unionizing could jeopardize gender-affirming health care
Starbucks union alleges the company is threatening to take away gender-affirming health care for unionized cafes
Jan. 6 committee postpones hearing on Trump's alleged push for DOJ to influence 2020 election
The hearing was set to detail how Trump allegedly pushed the DOJ to spread his false claims that the 2020 election was rigged against him.
Ford issues stop-sale of electric Mustang Mach-E crossovers due to potential safety defect
Ford says the issue with the Mustang Mach-E crossovers could cause the vehicles to become immobile.
Real estate firms Compass and Redfin announce layoffs as housing market slows
In filings with the Securities and Exchange Commission, Compass announced a 10% cut to its workforce, and Redfin announced an 8% cut.
Apple continues push into live sports with Major League Soccer deal
The move is the latest push from Apple to anchor its streaming service with live sports.
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